Thursday, February 20, 2014
NALP, Entry-level Law Firm Recruiting Remains Mostly Flat (Feb. 19, 2014):
For the fifth year in a row, law firms continued to exercise limited entry-level hiring. With the large law firm business model still facing significant challenges five years after the Great Recession, recruiting volumes by U.S. law firms on the campuses of U.S. law schools remained mostly flat during the late summer and early fall of 2013 compared with recruiting activity the year before. There were variations by region and by city, but overall law firms continued to exhibit caution in recruiting new associates. Over the last four years law firms have certainly increased their entry-level hiring activity compared with the crash in entry-level hiring reflected by the data from2008 and 2009. Rather than exhibiting the slow and steady recovery that might be hoped for, however, the pattern in law firm entrylevel recruiting has been something like two steps forward and one step back. Although the percentage of firms making fewer offers for summer associate positions exceeded the percentage that reported making more offers than they had the year before, nonetheless a significant number of firms did make more offers. Similarly, a higher percentage of callback interviews resulted in offers compared to the previous year, and the yield on those offers fell as thereweremore offers inplay, but at the same time, the recruiting volume for 3Ls fell back again after slowly rising for three years.